Pos Machines

Why Misirpur village traded in its cards for cash

Shop owners dumped the swipe machines and reverted to cash sales owing to repeated transaction failures.

Govt's digital payments push may land banks with a Rs 3,800 cr annual hole, says SBI report

After the note-ban last November, the Narendra Modi govt has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online payments

Digital payments decline after cash situation improves

Digital transactions, which gained prominence post demonetisation, have started declining with pick up in remonetisation, indicating return of people's preference for cash.

Demonetisation: Swipe machine shortage, security worries threaten to sour cashless dream

In order to shift Rs 46,000 crore worth of transactions per month to digital mode, the country needs an additional 20,000 PoS machines urgently

Cashless economy: Here is why experts aren't upbeat on Jaitley's digital bonanza

‘Discount’ was the bait that Finance Minister Arun Jaitley used repeatedly in his speech on demonetisation in a bid to push people towards digital payment modes, a month after PM Modi made an announcement to annul Rs 500 and Rs 1,000 notes.